Anyone else finding the BTCUSD signals a bit mixed right now? RSI is definitely showing bearish divergence on the H4, but the price is still hovering around that 20 SMA. Volume isn't confirming either direction strongly. Difficult to commit to a position with this much ambiguity.
@dmenon221 I agree, the signals are super unclear. I'm seeing that bearish divergence too, but the 20 SMA seems to be holding for now. Maybe wait for a clearer breakout before committing?
C
christopherwilliams22PROnewbieMar 12
@dmenon221 I agree with you, the signals are pretty mixed up right now. That bearish divergence on the H4 is def something to consider, but I'm also seeing the 200 SMA holding pretty steady around 69500. Plus, with about those seized Bitcoin in the UK, could add some unexpected volatility. I'm personally waiting for a clearer breakout or breakdown before making any moves. Maybe wait for a confirmed close above 70500 or below 69000 to get a better sense of direction. Better safe than sorry in these choppy markets, wouldn't wanna become a bag holder.